What is the Data Room?

The Data Room is a feature that allows investment sale brokers to provide due diligence to investors on for sale listings.

It is conventional for brokers to require prospective investors to execute a confidentiality agreement to access due diligence, so the Data Room provides for the online execution of the confidentiality agreement and immediate access to view and download due diligence. This feature solves the problem of the otherwise tedious and manual process of emailing confidentiality agreements back and forth, hosting the due diligence somewhere, and reporting on this activity to the Seller. The Data Room will likely help speed up the marketing process and increase the likelihood of a transaction. LoopNet has over 13 million searchers per month and the largest audience of investors in the industry.